Franklin Resources Inc. Has $164.44 Million Stock Holdings in Knowles Co. (NYSE:KN)

Franklin Resources Inc. raised its position in Knowles Co. (NYSE:KN) by 10.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,181,260 shares of the communications equipment provider’s stock after purchasing an additional 904,446 shares during the period. Franklin Resources Inc. owned approximately 0.10% of Knowles worth $164,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in Knowles by 81.9% in the 4th quarter. Nordea Investment Management AB now owns 339,021 shares of the communications equipment provider’s stock valued at $6,096,000 after buying an additional 152,626 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Knowles during the 4th quarter valued at $4,083,000. Dark Forest Capital Management LP lifted its position in shares of Knowles by 477.5% during the 3rd quarter. Dark Forest Capital Management LP now owns 61,380 shares of the communications equipment provider’s stock worth $909,000 after buying an additional 50,751 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Knowles during the 4th quarter worth $810,000. Finally, Schroder Investment Management Group lifted its position in shares of Knowles by 8.1% during the 3rd quarter. Schroder Investment Management Group now owns 762,230 shares of the communications equipment provider’s stock worth $11,289,000 after buying an additional 56,844 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Trading Up 1.2 %

NYSE KN opened at $17.59 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.75 and a quick ratio of 1.55. Knowles Co. has a one year low of $12.78 and a one year high of $18.48. The business has a 50 day simple moving average of $16.18 and a 200 day simple moving average of $16.46. The stock has a market capitalization of $1.58 billion, a P/E ratio of 19.99 and a beta of 1.47.

Knowles (NYSE:KN) last posted its earnings results on Wednesday, May 1st. The communications equipment provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The company had revenue of $196.40 million during the quarter. Knowles had a net margin of 10.54% and a return on equity of 5.98%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research report on Friday, February 16th.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).